Jackpotjoy plc’s (JPJ) maiden London-listed results demonstrated the benefits of leading market brands in a profitable and cash generative business. Pro-forma group revenues grew 15% in FY16, with industry leading EBITDA margins of 38%. The stock has suffered from unusually high net debt, a lack of dividend and a complex relationship with Gamesys. However, the revised terms of the contract, together with the end of the major earn-out period, suggest that deleveraging will be on track. 2
30 Mar 2017
Deleveraging to drive value
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Deleveraging to drive value
- Published:
30 Mar 2017 -
Author:
Victoria Pease -
Pages:
6
Jackpotjoy plc’s (JPJ) maiden London-listed results demonstrated the benefits of leading market brands in a profitable and cash generative business. Pro-forma group revenues grew 15% in FY16, with industry leading EBITDA margins of 38%. The stock has suffered from unusually high net debt, a lack of dividend and a complex relationship with Gamesys. However, the revised terms of the contract, together with the end of the major earn-out period, suggest that deleveraging will be on track. 2